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Business: Page 297
Business
Iveco opens North American operations, launches new brand
Iveco, an Italian manufacturer of commercial vehicles and diesel engines, has opened a U.S. engine operation and unveiled a new brand name, Iveco Motors. The new facility is located in Carol Stream, Illinois, and will serve as an independent engine business that will focus on application development, sales, marketing and support. A service and parts […]
April 5, 2004
Business
21 companies vying for Daewoo Heavy
Twenty-one firms are interested in buying part or all of Korean-government-owned Daewoo Heavy & Machinery, an official of the agency in charge of the sale announced last week. Terex, Deere and Linde AG, a German company, are among the potential buyers. Six of the companies that expressed interest in the firm wanted to buy only […]
March 29, 2004
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Business
Concrete canoe race to celebrate new exhibit
Hundreds of civil engineering students from across the country will be testing their design skills in a canoe race in Washington D.C. June 18-20. The students won’t be racing traditional canoes, however. Instead, they will design and construct canoes make of concrete. The race, known as the National Concrete Canoe Competition, is part of a […]
March 29, 2004
Business
International names general manager of truck vehicle center
International has promoted Tom Cellitti to vice president and general manager of its medium truck vehicle center, while Michael Cancelliere will replace Cellitti as vice president of International’s bus vehicle center. Cellitti, who began his career at International in 1975, formed the company’s school bus business in 1991. Cancelliere, a 24-year veteran of International, previously […]
March 22, 2004
Business
Government program helps women, minorities get contracts
If you are a female or minority contractor who owns a small construction company, a certification program could help you win more federal contracts. The program, known as 8(a), identifies companies that have experienced discrimination or hardship specifically because of the owner’s race or sex. The idea behind the program is to encourage more diversity […]
March 22, 2004
Business
Contractor of the Year award recognizes father-son contracting team
Father and son contracting team Gil and Mike Egurola, owners of Diggum Excavating, Tuscon, Ariz., won the fourth annual Equipment World Contractor of the Year Award March 6 during a ceremony at Caesar’s Palace in Las Vegas. Diggum Excavating was chosen from 12 finalists who were selected on the basis of their growth over the […]
March 16, 2004
Business
Holland USA appoints manager of truck OEM business development
Holland USA has hired Ron Froese as manager, truck OEM business development. Froese worked most recently for Volvo Trucks North America as manager, dealer business performance development for the North American Institute. He will assist in developing and implementing sales and marketing strategies for truck OEMs and be responsible for account management for Paccar group […]
March 15, 2004
Business
Astec makes management changes at Roadtec
Astec Industries has made several management changes regarding its Roadtec subsidiary. The company appointed Jeff Richmond president of the Roadtec division. He had been working as vice president and general manager for Roadtec. He will be responsible for all facets of Roadtec’s asphalt paver, cold planer and materical transfer vehicle business. Astec named John Irvine […]
March 15, 2004
Business
Caterpillar expands remanufacturing business, renames industrial products group
Caterpillar is expanding its remanufacturing business to provide services to manufacturers and customers in the automotive, industrial and defense industries. Caterpillar Remanufacturing Services will continue to be the exclusive provider of Caterpillar remanufactured parts distributed through the Caterpillar dealer network. The company is one of the world’s largest remanufacturers, with its current program processing more […]
March 15, 2004
Business
Atlas Copco names president of drilling solutions division
Atlas Copco has named Robert Fassl president of its new drilling solutions division, formed as a result of the company’s acquisition of the Ingersoll-Rand drilling business. Fassl has worked for Atlas Copco since 1982, holding a variety of positions, including general manager, service manager, supply manager, production and purchasing manager. He has been general manager […]
March 8, 2004
Business
Cummins vice president to retire
Frank McDonald, vice president and general manager – heavy-duty engine business for Cummins, will retire from the company in April. During his 17 years with Cummins, McDonald, 57, has helped grow key parts of the company’s power generation and engine businesses. He joined the company as vice president and general manager of worldwide operations at […]
March 8, 2004
Business
NES Rentals emerges from Chapter 11
NES Rentals emerged from Chapter 11 bankruptcy protection Feb. 11. NES acquired 42 companies between 1996 and 2001, and was operating under an $800 million debt burden when it filed for bankruptcy protection in June. NES hired Carl Marks Consulting Group to work with NES management to develop and implement its restructuring strategy. During the […]
March 8, 2004
Business
Atlas Copco forms joint venture with Chinese air tool manufacturer
Atlas Copco Investment signed a contract Feb. 23 to acquire the assets of air tool manufacturer Qingdao Qianshao Precision Machinery, based in China. The joint venture is subject to approval from local authorities. Qingdao Qianshao is a producer of pneumatic tools for the industrial, automotive and aerospace industries. Atlas Copco said the joint venture will […]
March 8, 2004
Business
Trimble to acquire TracerNet
Trimble announced Feb. 17 it plans to acquire privately held TracerNet, a Chantilly, Virginia-based provider of wireless fleet management solutions. Terms of the cash transaction were not disclosed. Trimble’s mobile solutions division and TracerNet will be consolidated as Trimble Mobile Solutions, a wholly owned subsidiary of Trimble.
February 29, 2004
Business
Ingersoll-Rand to sell drilling business to Atlas Copco
Ingersoll-Rand announced Feb. 19 it has agreed to sell its drilling solutions business unit to Atlas Copco AB for approximately $225 million. The companies expect the transaction, which is subject to government regulatory approvals, to be completed in the second quarter of 2004. The drilling solutions business dates to 1871 and manufactures drilling equipment and […]
February 29, 2004
Business
eBay provides financing for construction equipment
eBay now offers both online equipment auctions and instant financing for the machines purchased on its site. eBay’s business website, eBaybusiness.com, announced Feb. 23 a partnership with Direct Capital that allows it to offer financing packages. “With so many small businesses using eBay to save money on equipment purchases, everything from networking gear to bulldozers, […]
February 26, 2004
Business
Contractors call for anti-lawsuit legislation
Contractors across the country are crying out for legislation to restrict the ability of homeowners and businesses to sue them for building defects. In the past year insurance companies have nearly doubled their rates for general liability policies to cover the cost of increased lawsuits against contractors. What many contractors would like to see happen […]
February 26, 2004
Business
JCB restructures sales team
JCB has organized its North American field sales and marketing efforts into five regions. As a result, five people have assumed new executive responsibilities. Bob Wright, vice president of sales and distribution, will lead dealer development, remarketing, governmental sales and business planning. Bruce Narveson, vice president of marketing, has been named vice president of sales […]
February 23, 2004
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